Mobile delivers high exit multiples despite broader market slowdown

Jason Rowley Contributor Jason Rowley is a venture capital and technology reporter for Crunchbase News. More posts by this contributor: In the world of mobile apps, numbers come in two sizes: big and bigger. More than one billion people use Facebook’s mobile app every day. Instagram — another Facebook property — has well over 100 […]

Robinhood adds zero-fee cryptocurrency trading and tracking

No-commission stock trading app Robinhood will let you buy and sell Bitcoin and Ethereum without any added transaction fees starting in February, compared to Coinbase’s 1.5 to 4 percent fees in the US. And as of today Robinhood will let all users track the price, news, and set up alerts on those and 14 other […]

Netflix is now worth more than $100B

Netflix crossed a fun milestone today, crossing the $100 billion mark for its market cap as it once again surprised industry observers with better-than-expected growth in its subscribers. We’ll get to the financial numbers in a minute but, as usual, the big story here is that it continues to wow Wall Street with impressive growth in […]

Yahoo Finance launches social savings app Tanda, an alternative to credit cards

Yahoo Finance today launched a new app called Tanda that allows small groups of either five or nine people to save money together for short-term goals. The app uses the concept of a “money pool” – that is, everyone participating in one Tanda’s collaborative savings circles will pay a fixed amount to the group’s savings […]

Job Hunt | The Down Round E4

As the market in Silicon Valley has slowed and softened, so has the job market. Companies hired too aggressively, and cutbacks have begun. For job seekers, competition rules the day. Who is in demand? How does the interview process work? What are the trends in tech hiring? According to top recruiter Bill Beer, “For people […]

Real Estate | The Down Round E5

To see the craziest housing market in America, look no further than real estate in Silicon Valley. In recent years, ballooning startups couldn’t sign up for leased space fast enough, yet much of that space has become available as the market slows. How has this affected tech companies? What are implications for other Bay Area […]

Tech’s massive tax cut Christmas present from Trump just cleared Congress

The Republican tax bill is ready for the president’s signature. After forcing its second vote in two days, the bill passed the House with a vote of 224 to 201. The bill previously cleared the Senate with a narrow 51-48 vote along party lines, though Republican Senator John McCain was unable to cast a vote […]

Snap and Twitter now have roughly the same market cap

While we won’t call this a huge watershed moment per se, something nominally interesting in the world of Weird Social Media Things happened this morning: Snap and Twitter are now worth the same based on their market caps. With some small moves on both companies’ shares, both companies are now hovering around $18.7 billion in […]

Stitch Fix is crashing after its first-ever earnings report

Stitch Fix’s first earnings report is not going well for the company, as its shares fell quite a bit after seeing a significant run up over the past month following its IPO. Stitch Fix, a personalized apparel company that ships a box of recommended items that users can buy or send back, closed up just […]

Former Nike CFO Don Blair joins Dropbox’s board of directors

As Dropbox continues its inevitable march toward an IPO, it’s going to look to bring in people with a lot of experience handling the operations of larger public companies — and it’s getting one today. Dropbox today said it is adding former Nike CFO Don Blair to the company’s board of directors. Blair will be […]